Quick Overview
Imagine you’re buying your first health insurance and you see “IIFL” mentioned in the journey. The natural question is: who exactly is insuring me? And if a claim happens, who decides approval?
In this article, we will walk you through IIFL-linked entities involved in insurance, what each of the kinds of health offerings you may encounter, the reality of buying via an aggregator-style distributor, and the exact checks you should do before paying.
IIFL Health Insurance: Overview
IIFL is a diversified financial services group that primarily operates in lending and mortgage services (like home finance and microfinance) through multiple subsidiaries, along with other financial services.
Under the IIFL umbrella, there are multiple IRDAI-licensed entities involved in distributing insurance.
IRDAI-licensed Entities
IIFL does not:
- Underwrite the policy
- Design policy terms
- Decide or influence claim outcomes
- Take legal responsibility for approvals, rejections, or payouts
All policy decisions are handled entirely by the insurer. Any support provided by IIFL or linked entities is administrative and advisory in nature, not authoritative.
Which Health Insurers Partner With IIFL (Livlong)?
According to the LivLong Insurance website, they currently offer health insurance policies from the following insurers:
- Star Health Insurance
- Care Health Insurance
- ManipalCigna Health Insurance
- TATA AIG Health Insurance
If you buy a policy through Livlong, the insurance contract is issued by the respective insurer, not by IIFL (Livlong).
Popular Health Insurance Plans Available Through IIFL (Livlong)
Note: The list of plans depends on availability, insurer arrangements with the group, and campaigns. Always confirm the latest options before deciding.
Pros of Buying Health Insurance via an Aggregator
Convenience
Aggregators make the buying journey feel simpler. You can compare multiple plans in one place, shortlist options faster, and often complete onboarding with fewer steps than visiting insurers one by one.
Access to Well-known Insurers
Platforms like Livlong list plans from established partner insurers, which can give buyers a familiar starting point when they want “known names” and standard retail products.
A Single Touchpoint During Purchase
During onboarding, the distributor becomes your main point of contact for paperwork, medicals, and basic coordination, which can feel reassuring, especially for first-time buyers.
Things to Keep in Mind When Buying Health Insurance through an Aggregator
- Check The Policy Details Before You Pay
Read the policy documents and confirm the exact plan name and variant, not just the brochure highlights. Pay special attention to room rent rules, co-pay and deductibles, exclusions and waiting periods, plus how restoration and no claim bonus really work in real life.
- Understand How Claims And Escalations Work
In a claim, the insurer and sometimes a TPA handle approvals, queries, and settlements, so their rules and timelines matter most. An aggregator can be useful for coordinating and follow-ups, but you should know exactly where to submit documents, how to track the claim, and who to contact if things get stuck.
- Know What The Aggregator Does Vs. The Insurer
Think of the aggregator as the place you discover and buy the policy. The insurer prices it, underwrites it, and decides claims. Aggregators earn commissions from insurers under IRDAI rules, and your premium does not increase just because you bought through a distributor. Also, aggregators usually show plans from partner insurers, so it helps to compare a few options outside the platform too.
How IIFL Earns Revenue on Health Insurance?
IIFL earns commissions from insurers for distributing their insurance products. This revenue is governed by IRDAI’s Expenses of Management (EoM) and commission regulations. This is a standard model across aggregators and distributors.
A few things you should know:
- Your premium remains the same regardless of the commission; the aggregator doesn’t add any extra fee.
- Some insurers may offer small online discounts (often 5% to 10%), but base pricing is standardized across channels.
Why Choose Ditto For Health Insurance?
At Ditto, we’ve assisted over 8,00,000 customers with choosing the right insurance policy. Here’s why customers like Abhinav love us:
- No-Spam & No Salesmen
- Rated 4.9/5 on Google Reviews by 15,000+ happy customers
- Backed by Zerodha
- 100% Free Consultation
You can book a FREE consultation with us. Slots are filling up quickly, so be sure to book a call now!
Ditto’s Take on IIFL Health Insurance
If you are considering a health plan through Livlong under the IIFL ecosystem, make sure you understand how these offerings work. Livlong distributes policies through a set of partner insurers. These arrangements can change over time, which means plan availability, insurer options, or renewal terms may look different in the future.
Ditto, too, is an IRDAI-licensed Corporate Agent (Licence No. CA0738). Insurance is our primary business, and our work centers on suitability checks, long-term servicing, documentation support, renewals, and claims assistance. This ensures you get help not just while buying a policy, but throughout the policy lifetime.
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